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VP Plc's FY pretax profit rises to £18.9m

By BFN News | 07:54 AM | Thursday 05 June, 2014

VP Plc's FY pretax profit rose to £18.9m, from £16.4m. Revenue was £183.1m, from £167.0m. "We look forward to the year ahead with confidence," said chairman Jeremy Pilkington. It proposed a final dividend of 10.4p a share, making a total of 14.0p for the year, up 14%. Other highlights included: - Return on capital employed improved to 13.5% (2013: 13.3%) maintained above target threshold of 12% for 10 consecutive years - Continued strong cash flow generation with EBITDA increasing to £44.3m (2013: £41.0m) - Increase in net debt to £53.0m (2013: £45.3m) after funding: Capital investment in the fleet of £38.2 million; Successful £4.6m acquisition of Mr Cropper in September 2013 Story provided by

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